US and Iran explore deal to reopen Hormuz

Negotiators from the United States and Iran are discussing a phased agreement in New York to reopen the strategic Strait of Hormuz and lift economic sanctions. Both sides face hurdles regarding leverage as they attempt to resolve the ongoing conflict.

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Vessels at the Strait of Hormuz, as seen from Musandam, Oman, September 23, 2026. REUTERS/Stringer

United States and Iran negotiators are exploring a phased deal to reopen the Strait of Hormuz and lift economic blockades, sources said on September 24. The discussions in New York aim to resolve a seven-month conflict that has choked energy supplies.

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